Homegrown auto major Mahindra & Mahindra is recalling 2,300 units of different variants of its popular SUVs Scorpio and XUV500, and multi purpose vehicle Xylo to rectify a defective vacuum pump in engines manufactured in May this year.

"In QI of this fiscal, we have grown by 142 per cent and it is true that some of this growth has come from Datsun, which gives us an average of around 2000 units a month, but we also see organic growth in the Nissan brand as well," Nissan Motor Corporation Chief Planning Officer Andy Palmer said.

With the June 30 deadline fast approaching for expiry of reduced excise rate, car makers want the government to extend it further even as they adopt a wait and watch policy before considering price hikes.

Homegrown auto major Mahindra & Mahindra is recalling 2,300 units of different variants of its popular SUVs Scorpio and XUV500, and multi purpose vehicle Xylo to rectify a defective vacuum pump in engines manufactured in May this year.

"In QI of this fiscal, we have grown by 142 per cent and it is true that some of this growth has come from Datsun, which gives us an average of around 2000 units a month, but we also see organic growth in the Nissan brand as well," Nissan Motor Corporation Chief Planning Officer Andy Palmer said.

With the June 30 deadline fast approaching for expiry of reduced excise rate, car makers want the government to extend it further even as they adopt a wait and watch policy before considering price hikes.

Nikkei jumps 2 percent on weak yen
Published on Tuesday, May 13, 2014 11:51 AM
TOKYO - Japanese stocks jumped 2 percent to a 1-1/2-week high on Tuesday as a weaker yen lifted exporters, while Nissan Motor Co and Sharp Corp gained on hopes that their perceived conservative forecasts

Source:Economic Times - NEW DELHI: Nissan Motor Co`s target to capture a 10 percent share of India`s passenger vehicle market by 2017 may be delayed due to slumping domestic car sales in a slowing economy, the head of the Japanese automaker`s local unit said on Wednesday. The Indian car market

Source:Economic Times - NEW DELHI: Nissan Motor Co on Wednesday launched the Datsun Go, an entry-level hatchback at a starting price of Rs 3.12 lakh. The Go, which will come in three variants, will have a price range of Rs 3.12 lakh to Rs 3.69 lakh. The name of the car is inspired by the first

Source:Economic Times - MUMBAI: Japanese car maker Nissan drove in good sales performance in India for the fourth consecutive month as its volumes grew by 29 per cent to 5,195 units in January with more than half of the sales coming from its premium compact sports utility vehicle Terrano. Nissan